Posts Tagged by Billion Iraqi Dinars
|August 9, 2014||Filled under Central Bank of Iraq|
Central Bank of Iraq News – Central Bank of Iraq, on Thursday, agreeing to allow the return of Bank of the economy with the private sector to carry out banking activities under the terms of the Central. Said Saleh al-Moussawi relations director at the central bank’s “Tomorrow’s Press,” “The latter has agreed to resume Bank of the economy […]
|July 17, 2014||Filled under Baghdad Daily News -|
Baghdad Daily News – Baghdad Secretariat said yesterday that the provincial council allocated 500 billion Iraqi dinars them within the budget of the development of regions, indicating it is awaiting the approval of the budget by Parliament for the purpose of release of funds to departments in the province. According to the newspaper of integrity, said a spokesman […]
|July 7, 2014||Filled under Iraqi Dinar News|
Iraqi Dinars News – Ministry of Finance announced it would set up on Monday auction of Treasury Notes of the order of 364 days at 500 billion Iraqi dinars. Said a source in the ministry said the auction is the sixth this year and the third of its kind, which is the sale of treasury transfers to government agencies […]
|May 14, 2014||Filled under Iraq Daily News|
Iraq Daily News – BAGHDAD: Cabinet announced the allocation of 10 billion Iraqi dinars to support the activities of prevention and control of polio. The council said in a statement received / JD / copy of it: that the Council of Ministers and approved by the Ministry of Finance to allocate the amount of 10 billion Iraqi dinars, […]
|April 12, 2014||Filled under Iraqi Dinar News|
Iraq Dinar News – Baghdad province announced the signing of 17 contracts at a cost of more than 23 billion Iraqi dinars for the implementation of projects within the sector of school buildings, roads and electricity. The governor of Baghdad, Ali Mohsen al-Tamimi said in a statement received / JD / copy of it: We are in […]
|December 29, 2013||Filled under Iraq Daily News|
Confirmed the parliamentary finance committee that the increase in employees’ salaries will be spent retroactively after approving the budget of the year 2014, as it stood at the financial allocations for these increases Trliunin and 250 billion Iraqi dinars, which is included in the state budget.’ Said committee member Najiba Najib, on Saturday, said that “labor peace the new salary […]
Parliamentary Finance: Increase the Salaries of Employees Will Be Retroactively After Approving the Budget
|December 28, 2013||Filled under Iraq Daily News|
Najeebeh Najib said that “labor peace the new salary will be by early next year, which includes the tenth grade to fifth grade by 114%, noting that” The purpose of this increase is to help grades Alozfah minimum, and that the financial allocations for the implementation of this resolution is increased by two billion and 250 billion Iraqi dinars, which is included […]
|September 30, 2013||Filled under Iraq Daily News|
Over 600 new elementary and secondary schools are to be opened in Iraq by this month. This is a part of the national plan that has been taken by the government to make the country enriched with schools and proper education can prevail for all. In a statement, this has been unveiled by the Iraqi ministry of education. Building […]
|September 15, 2013||Filled under Featured Article|
Baghdad / Mesalla: the Iraqi government decided, the allocation of the amount of one billion Iraqi dinars to pay a reward archaeological finds by Muslim citizens. The General Secretariat of the Council of Ministers said in a statement received “obelisk”, a copy of “The Council of Ministers held its thirty-ninth regular in Baghdad, under the chairmanship of President of […]
|February 4, 2013||Filled under Iraq Daily News|
Council allocated the province of Diwaniyah, Tuesday, 23 billion dinars for the construction of a modern road towards the province of Najaf, the Council stressed that the project of the budget allocations investment scheduled for the province to 2013. A member of the Council within Sehud in an interview for “Alsumaria News”, “provincial council voted in its meeting held today, the […]
|August 17, 2012||Filled under Iraq Daily News|
Baghdad is to build 15 new bridges worth at total of $300 million (360 billion Iraqi dinars), in an attempt to improve traffic in the city. Eng. Talib Nejim al-Maamouri, head of Baghdad’s Engineering Department, told Al-Shorfa news agency: “An agreement was reached with 33 Iraqi, Turkish and Italian companies to start the project within 30 days … […]
|July 2, 2012||Filled under Iraq Daily News|
Erbil, (Rn) – A source at the Iraqi Ministry of Health, for the completion of the ministry draft budget for next year, and forwarded to the Federal Ministry of Finance, noting that the proposed amount exceeds seven trillion Iraqi dinars. According to the spokesman of the Iraqi Health Ministry Ziad Tarek told the Kurdish news agency (Rn), that “The ministry […]
|June 30, 2012||Filled under Iraq Daily News|
BAGHDAD – Al Sabah Announced the General Secretariat of the Council of Ministers, for the payment of 60 billion dinars in compensation money for the 12 provinces as of last April. An official relations and the media in the Central Committee to compensate victims of terrorism in the General Secretariat of the Council of Ministers Jassim Al Oraibi’s (Center Brief […]
|June 23, 2012||Filled under Uncategorized|
Erbil, (Rn) – Deputy Chairman of the committee on civil society in the Kurdistan parliament on Friday, the committee would be required to allocate 185 billion Iraqi dinars from the general budget of the province for the current year expenditures of political parties, called upon the Commission relations, culture and media parliamentary to secure benefits for artists and writers in the […]
|April 28, 2012||Filled under Featured Article|
Twilight News / The Ministry of Electricity, for improvements on the performance of obstetric units in the gas station south of Baghdad, to contribute to save 7 billion Iraqi dinars to the ministry. A spokesman for the ministry Musab al-teacher in a statement reported for ” Twilight News “that” the angels of engineering and technical staff in the station south […]
|March 30, 2012||Filled under Iraq Daily News|
Signed the province of Basra a group of contracts Stosmaria for three large projects important in the city. The director of the municipality of Basra Abdul-Zahra Sweden in a press statement that “These contracts include the establishment of a shopping mall in the area of tax collector Kuwait Street and the city of games in the kiss and the draft […]
|March 6, 2012||Filled under Iraq Daily News|
Anbar, (Rn) – The Council of Anbar, 106 km west of the Iraqi capital Baghdad, expressed optimism after the approval and signing of the General Authority for dams and reservoirs of the Ministry of Water Resources on the dam project Massad to be held west of the province a cost of 11 billion Iraqi dinars and with a number of private […]
|January 29, 2012||Filled under Iraq Daily News|
Ckramaan (Akalnaoz) – The Director of the Office unit Ckramaan loan fund small projects awarded by the Ministry of Labour and Social Affairs in the Kurdistan region, for providing 3 billion Iraqi dinars within those loans for 146 people in the unit during the last year, including a number of the disabled and women. According to Aram Karim, told the […]
|January 27, 2012||Filled under Iraq Daily News|
BAGHDAD / Aswat al-Iraq: The Special Budget for Iraq’s Para-Olympic Committee for the year 2012 will be no less than 10 billion Iraqi dinars, according to a statement by the Committee’s Chairman, Qahtan Tayih al-Nueimy. “The Para-Olympic Committee has presented a demand, calling for the approval of the budget, we had suggested to exceed 10 billion dinars for the year […]
|January 21, 2012||Filled under Uncategorized|
ERBIL, Iraqi Kurdistan — According to data obtained by Rudaw from the Kurdistan Region’s Ministry of Planning, three dozen construction projects, some with budgets as high as 390 billion Iraqi dinars (US$310 million), have been stalled for nearly seven years. According to government information, the construction projects are either partially completed or haven’t ever started, and completing the projects requires […]
ERBIL, Iraqi Kurdistan — According to data obtained by Rudaw from the Kurdistan Region’s Ministry of Planning, three dozen construction projects, some with budgets as high as 390 billion Iraqi dinars (US$310 million), have been stalled for nearly seven years.
According to government information, the construction projects are either partially completed or haven’t ever started, and completing the projects requires an additional 38 billion Iraqi dinars (US$32 million).
The data shows that the Ministry of Municipalities & Tourism has 14 stalled projects, five of them in Erbil, eight in Sulaimani and one in Duhok.
The Ministries of Housing, Education, Agriculture and Interior also have incomplete projects in Kurdistan’s three provinces.
Sherwan Assad, general-director of projects at the Ministry of Planning, told Rudaw, “Previously the number of stalled projects was 70, but now they have declined to 36. Some contractors abandoned their projects because they knew that they were unable to finish them, or sometimes they faced budget problems due to miscalculations and designs flaws.”
According to Assad, some companies have sued the Kurdistan Regional Government (KRG) in local courts for cutting their funding.
“Resorting to the courts will take several years and this will delay the projects,” Assad said. “The cases will not get settled easily in the courts.”
The ministry’s data shows that the KRG has continuously given billions of dinars to the companies even though some of them never began the projects.
Abulhamid Majeed, chief planner at the Ministry of Municipality and Tourism, said, “The design of these projects is flawed and they are irresponsibly planned; this is why these projects have stalled for so many years.”
Majeed said residents were in some cases responsible for the delays.
“Some other projects are stalled by the people because the projects passed through their properties, farms and villages, but such cases are limited and we will try to resume working on them soon,” Majeed said.
Since 2004, the Housing Ministry has had about 115 billion dinars ($US100 million) worth of projects abandoned.
“In 2004 the 8 billion dinar (US$6.8 million) construction of Goptapa Bridge, due to finish within 750 days, failed because of a technical reason. Three other youth center projects with a budget of 542 million dinars (US$465,000) stopped as soon as they began,” said Khabat Ahmed, planning director in the ministry of Housing and Reconstruction.
A major tunnel on the Azmar Mountain in Sulaimani and 500 housing units are among the failed projects, Ahmed said.
According to Ahmed, the funding for these projects is still available because “according to the contract, a sum of money is given to the contractors in advance. Then at the end of the project, the expenses will be audited. The Ministry of Finance is dealing with us accordingly.”
Ahmed added, “The nature of delay and stalling in the projects are similar in all the various ministries. It is design flaws, incompetence of the companies and legal action procedures.”
But some contractors blame the KRG for the failed projects. Rizgar Jamal, a member of the Contractors Union, said, “The problem is not only the contractors, but also flaws in the project tenders. Also, the deadlines for the projects are too short and investigations by the quality control teams are the main reasons for the delays.”
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